The global metal powder market is expected to grow at a CAGR of 5.12% during the forecast period (2023-2028). Metal powder refers to fine metal particles produced using various industrial processes, such as atomization, chemical treatment, electrolysis, and solid-state reduction. It has a high surface area-to-mass ratio and offers improved recyclability, minimal wastage, reduced manufacturing time, excellent cost efficiency, and high-volume capacity. It is widely used to fabricate sintered parts and in thermal spraying, filling plastics, fireworks, solar cells, brake pads, ceramics, metallic paints, welding rods, and magnetic products. As a result, metal powder finds extensive applications across various industries, including automotive, healthcare, defense, aerospace, construction, electronics, manufacturing, and metalworking.
As per the analysis by IMARC Group, the top companies in the metal powder industry are heavily investing in research and development (R&D) to manufacture environment-friendly products. They are also focusing on mergers and acquisitions (M&As) to expand their product portfolio and geographical reach. Additionally, with the launch of novel technologies in powder metallurgy, several leading manufacturers are adopting new equipment and processes to produce metal powders for emerging applications across various industries. Furthermore, continual advancements in production processes to reduce time, cost, and labor while improving productivity are offering lucrative opportunities to the market players. Besides this, recent developments in the manufacturing of insulated powders for soft and hard magnetic applications have propelled the market growth.
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Headquarters: Beijing, China
Advanced Technology & Materials Co. Ltd. (AT&M) is mainly engaged in developing, manufacturing, and marketing advanced materials. The company specializes in metallic materials and serves emerging industries of strategic importance. It provides its high-end global customers with advanced metallic materials, products, and solutions to their materials technology problems. Its diversified product portfolio comprises amorphous and nano-crystalline materials and products, refractory materials and products, powder materials and products, magnetic materials and products, welding materials and products, filtration materials and environmental protection engineering, and high-speed steel and diamond tools.
Headquarters: Texas, United States
ATI is a leading global specialty materials company that serves customers in aerospace, defense, and other demanding markets. It has a strong vertically integrated supply chain that produces alloys, shapes, and finished components. The company primarily operates through two segments: High-Performance Materials and Components and Advanced Alloys and Solutions. Under the high-performance materials and components segment, it produces high-performance materials, advanced powder alloys, and other specialty metals in long product forms, such as ingot, billet, bar, rod, wire, rectangles, and seamless tubes, plus flow form parts, precision forgings, and machined parts. The advanced alloys and solutions segment offers rolled titanium- and nickel-based alloys, stainless steel, and other specialty materials available in plate, sheet, and strip. The company operates worldwide in 57 locations across 17 countries in the United States, Europe, and Asia.
Headquarters: Pennsylvania, United States
Carpenter Technology Corporation is a global leader in high-performance specialty alloy-based materials and process solutions for critical applications in the aerospace, transportation, defense, energy, industrial, medical, and consumer electronics markets. It operates through two main segments: Specialty Alloys Operations and Performance Engineered Products. The specialty alloys operations segment offers cast, wrought, and powder metallurgy high-temperature superalloys, high-strength steels, implantable, magnetic, and controlled expansion alloys, stainless steels, and tool and die steels in long product form. The performance-engineered products segment comprises differentiated operations of products and related services that include the manufacturing of titanium alloys and metal powders, additive manufacturing capabilities, and distribution services in the US, Canada, and Mexico.
Headquarters: Michigan, United States
GKN Powder Metallurgy Engineering GMBH offers high-precision metal solutions for automotive and industrial applications. The company comprises three focused businesses, including GKN Hoeganaes, GKN Sinter Metals, and GKN Additive, to provide powder materials, conventional components, and Additive Manufacturing production. It is a leading manufacturer of atomized metal powders, precision powder metal products, sintered structural parts, sub-assemblies, soft magnetic components, and e-motor solutions. The company combines advanced powder metals with innovative production technologies to create unique metal products. Currently, it has over 6,600 employees and 400 engineers at 29 manufacturing sites and three global innovation centers in 10 countries worldwide.
Headquarters: Höganäs, Sweden
Höganäs AB is a global leader in metal powder solutions owned by FAM and Lindéngruppen. It is one of the leading manufacturers of iron, metal, and ceramic powders in the world. With more than 2,400 employees, the company has a presence in 16 countries globally and offers over 3,500 products from 17 production centers.
Headquarters: London, United Kingdom
LIBERTY Steel Group is a fully integrated steel and mining business. Its diversified product portfolio comprises iron ore and coking coal, recycled steel and semis, long and flat steel products, and value-added services. The company mainly serves the automotive, infrastructure, oil and gas, construction, industrial, agriculture, aerospace, marine, power generation, mining, and metal-making markets. With more than 30,000 employees globally, Liberty operates 200+ manufacturing sites in 12 countries, including the UK, Europe, Asia, the USA, Australia, and others.
Headquarters: California, United States
Molyworks Materials Corporation is a sustainable metals company that converts metal waste into the highest quality powder. It has invented a metal recycling system called “The Greyhound System” to produce AM-grade powder from metal waste streams of old parts, failed builds, used powder, and machined waste. It manufactures powders for customers that are available to be ordered and utilized at customer sites, immediately creating your own circular economy. The Greyhound System has produced 21 metals for AM in use for land, air, sea, and space applications.
Headquarters: Tula, Russia
POLEMA JSC is the leading manufacturer of high-purity chromium, molybdenum, tungsten products, metal powders, and composite materials. It is a part of Industrial Metallurgical Holding (IMH). The company holds leading positions in the international markets of electrolytically refined chrome and sprayed high-purity chrome targets, rolled products, molybdenum and tungsten products, high-current contact materials, and heavy tungsten alloys. Poleman sells its products in the domestic market, China, Taiwan, and Korea, while covering all key markets of the world in 30 countries: the USA, EEC countries, South America and Southeast Asia.
Headquarters: Moscow, Russia
United Company Rusal Plc is a leading company in the global aluminum industry that produces metal with a low carbon footprint. It was formed by the merger of RUSAL, SUAL, and the alumina assets of Glencor. Some of its main products include primary aluminum and aluminum-based alloys, alumina, foil, and packaging. The company has its own resource base and carries out the entire production cycle, from bauxite extraction to manufacturing finished products, ensuring maximum control over product quality. Currently, Rusal employs around 50,000 people and operates 43 factories in 20 countries across the world.
Headquarters: Stockholm, Sweden
Sandvik AB is a high-tech engineering group that offers products and solutions for mining and rock excavation, rock processing, and metal cutting based on innovation, digitalization, and sustainable engineering. The company operates in three business areas: Mining and Rock Solutions, Rock Processing Solutions, and Manufacturing and Machining Solutions. Its products and services include metal-cutting tools, digital manufacturing solutions, mining and infrastructure equipment, technical solutions, additive manufacturing, metal powder, CE alloy products, tungsten powder, and tool recycling. With more than 39,000 employees, the company sells its products in over 150 countries worldwide.
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